U.S. stocks are overbought, says reknown perma-bear Marc Faber, and any more near-term gains are...

U.S. stocks are overbought, says reknown perma-bear Marc Faber, and any more near-term gains are going to be big trouble for the market. As we continue to move higher, the probability of a crash becomes higher as well. The next crash, he says, could be worse than the one that crushed world markets in 2008. "The next crisis could lead to a deflationary bust. And a bust in governments. In other words, we may have a total collapse in confidence in the system."

When you name your newsletter the Gloom Boom and Doom Report, it sort of pigeonholes you into a view. Even a broken clock is right twice a day. His whole rambling interview is full of "one day, xxxx may xxxx, or blah blah." The only thing I agree with is that a North Korean war could trigger a short recession here.

Even the mad man Cramer finally got it as he said Sunday on Meet The Press that the stock market buying was foreign ! Not US buying.He said it's EU and Asian fear dollars looking for safety.

Gees, it's about time someone in his position said so..I have stated this in comments and stock talks since mid 2012 as 90% of the buying and the 2012 rally was from the EU.. Now do to Japan issues concerning the collapsing of the Yen and strength of the Yuan a great deal of Asian dollars are flowing..

What eventually will happen is the mega dollars in the US that have refused to return to the market will. Folks who swore never again will finally cave and return. Then will see that serge to real new highs and then you'd better have tight stops ! Or sell. Then Faber will be right !

Thee "Street" as WS needs to draw the public in so they can get out. This has been the way for 75 years and it's not going to change now.

Sometimes the horror of being old lets market things like this be redundant !

@Macro, 110% crystal clear it's NOT the US public. Volume is super tiny in the US account #s & $s are clearly foreign ! This isn't an assumption.It's a fact as the funds are easily tracked. So much so Cramer even got it !

The fund flows easily show this ! Even hedge funds are still seeing outflows as there nowhere near the averages !